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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.60 levels whereas resistance is placed at 82.10 levels. The pair is expected to find resistance at higher level and trade weak below 81.60 level up to 81.40 and 81.20 levels.

* The EUR/INR futures pair has support at 87.60 levels whereas resistance is placed at 88.30 levels. The pair is expected to trade range bound until either side level is breached.

* The GBP/INR futures pair has support at 99.30 levels whereas resistance is placed at 99.90 levels. The pair is expected to trade range bound until either side level is breached.

* The JPY/INR futures pair has support at 62.00 levels whereas resistance is placed at 62.40 levels. The pair is expected to find resistance at higher level and trade weak below 62.00 level up to 61.80 and 61.60 levels.

Strategy: Intraday

* USDINR pair traded with negative bias in the last trading session; and prices are trading below upward trend line.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 82.10 level should be taken as selling opportunity targeting 81.60 – 81.40 levels on lower side

* For Intraday session, it has support at 81.60 – 81.80 levels whereas resistance is placed at 82.10 – 82.30 levels

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